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SOUTH KOREA: Country Wrap:  Political Turmoil Roils Markets. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • South Korea Opposition Party Seeks to Impeach Yoon for Treason (source:  BBG).
  • Bank of Korea Pledges Steps to Keep Markets Stable After Drama (source:  BBG)
  • Korea Times: South Korean president declares martial law claiming need to root out 'anti-state forces' (source:  BBG).
  • The KOSPI  fell in early trading and stayed negative all day to be down -1.92%, the largest underperformer of the major indices in the region.
  • The Korean Won is finishing the day at 1,410.25 having peaked at 1,428.50 at the height of the political turmoil.
  • Bonds have a volatile day with intermediate maturities higher in yield and the 2YR down -8bp to 2.770%.
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  • South Korea Opposition Party Seeks to Impeach Yoon for Treason (source:  BBG).
  • Bank of Korea Pledges Steps to Keep Markets Stable After Drama (source:  BBG)
  • Korea Times: South Korean president declares martial law claiming need to root out 'anti-state forces' (source:  BBG).
  • The KOSPI  fell in early trading and stayed negative all day to be down -1.92%, the largest underperformer of the major indices in the region.
  • The Korean Won is finishing the day at 1,410.25 having peaked at 1,428.50 at the height of the political turmoil.
  • Bonds have a volatile day with intermediate maturities higher in yield and the 2YR down -8bp to 2.770%.